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Onyx Private has raised $4.5M across 2 funding rounds.
Key people at Onyx Private.
Onyx Private was founded in 2021 by Tiago Passinato (Founder) and Douglas Lopes (Founder).
Onyx Private has raised $4.5M in total across 2 funding rounds.
Onyx is a modern, accessible private bank for the next generation of affluent young professionals. We offer a unified digital-native premium banking and wealth management experience tailored for the overlooked groups of young high-earners and illiquid entrepreneurs, investors, and tech employees. Onyx aims to be the next-generation UBS.
Key people at Onyx Private.
Onyx Private has raised $4.5M across 2 funding rounds. Most recently, it raised $4.0M Seed in May 2023.
Onyx Private is a modern digital private bank designed specifically for affluent Millennials and Gen Z professionals, such as lawyers, doctors, tech employees, and illiquid entrepreneurs. It offers a unified, digital-native premium banking and wealth management experience that includes checking accounts, debit cards with cash back, and accessible investment portfolios featuring high-yield fixed-income products like U.S. Treasury bills with low minimums and fees. The bank aims to democratize private banking tools traditionally reserved for the ultra-rich, providing personalized financial services including upcoming in-app human financial advisors for estate planning and tax advice. Since its launch, Onyx Private has experienced rapid growth, with 30% month-over-month increases and over $4 million in monthly transaction volume, targeting a fivefold increase by year-end[1][2][3].
Founded in 2021 by Victor Santos, Tiago Passinato, and Tiago Lopes, Onyx Private emerged from the founders’ recognition of a market gap: affluent professionals who are not ultra-wealthy but underserved by existing banking options. Victor Santos, a serial fintech entrepreneur and Forbes 30 Under 30 honoree, along with his co-founders, leveraged their fintech and engineering expertise to build a scalable, digital-first private bank. The company participated in Y Combinator’s Winter 2022 batch and quickly gained traction through referrals before expanding marketing efforts. Their vision is to become the "next-generation UBS," blending traditional private banking with cutting-edge fintech innovation[1][2][3].
Onyx Private rides the wave of digital transformation in private banking, targeting a demographic that demands personalized, tech-enabled financial services but has been underserved by both traditional banks and mass-market fintechs. The timing is critical as Millennials and Gen Z accumulate wealth and seek sophisticated financial tools that fit their digital lifestyles. Market forces such as increased digital adoption, demand for transparency, and desire for accessible wealth management favor Onyx’s model. By blending fintech innovation with private banking, Onyx influences the broader ecosystem by pushing incumbents to modernize and by expanding access to wealth management for a new generation of affluent clients[1][2][4].
Onyx Private is positioned to reshape private banking for younger affluent professionals by continuing to innovate with new product lines and personalized advisory services. Its focus on accessibility and technology aligns with broader trends toward democratizing wealth management and financial planning. As it scales, Onyx may influence traditional banks to adopt more digital-first, client-centric approaches. The planned launch of in-app human advisors and expanded investment options will likely deepen client engagement and retention. The firm’s success will depend on its ability to sustain growth, enhance user experience, and differentiate itself in a competitive fintech landscape. If it achieves its vision of becoming the "next-generation UBS," Onyx could set a new standard for private banking accessibility and innovation[1][2][3][4].
Onyx Private was founded in 2021 by Tiago Passinato (Founder) and Douglas Lopes (Founder).
Onyx Private has raised $4.5M in total across 2 funding rounds.
Onyx Private's investors include 186 Ventures, 2048 Ventures, Andreessen Horowitz, Avalanche VC, Axilor Ventures, Bling Capital, BR Capital, Construct Capital, Dunce Capital, Equal Ventures, Founder Collective, Global Founders Capital.
